Wired·4 min read·medium

Polymarket’s Corporate Structure Is a Mystery—Even to Some of Its Former Employees

K
Kate Knibbs
Polymarket’s Corporate Structure Is a Mystery—Even to Some of Its Former Employees
AI Summary

Polymarket faces scrutiny over its complex corporate structure, specifically regarding its Panama-based entity, Adventure One QSS. Reports suggest that despite being established to comply with US regulations, the company has employed staff working directly from New York.

But one of the biggest oddities about Polymarket has remained somewhat overlooked: What’s going on with the Panama-based company it set up to comply with a settlement it made with the federal government? And why, as WIRED’s reporting suggests, do some employees of the Panamanian company appear to have worked from New York?

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